Domino's Pizza Inc (NASDAQ:DPZ) Shares Bought by Independent Advisor Alliance

Key Points

• Independent Advisor Alliance increased its holdings in Domino's Pizza by 109.2%, owning 1,726 shares valued at approximately $793,000.
• Domino's Pizza reported earnings per share of $3.81 for the last quarter, missing analyst expectations of $3.93, although revenue was slightly above expectations at $1.15 billion.
• The company recently declared a quarterly dividend of $1.74 per share, representing an annualized dividend of $6.96 with a yield of 1.5%.

Independent Advisor Alliance boosted its position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 109.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,726 shares of the restaurant operator's stock after acquiring an additional 901 shares during the period. Independent Advisor Alliance's holdings in Domino's Pizza were worth $793,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DPZ. Berkshire Hathaway Inc grew its holdings in shares of Domino's Pizza by 86.5% during the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock worth $999,868,000 after purchasing an additional 1,104,744 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Domino's Pizza by 3.1% during the first quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator's stock worth $799,897,000 after purchasing an additional 53,124 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Domino's Pizza by 32.9% during the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator's stock worth $371,997,000 after purchasing an additional 200,622 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Domino's Pizza by 1.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 410,467 shares of the restaurant operator's stock worth $172,298,000 after purchasing an additional 5,762 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Domino's Pizza by 9.0% during the first quarter. Envestnet Asset Management Inc. now owns 402,412 shares of the restaurant operator's stock worth $184,888,000 after purchasing an additional 33,105 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Domino's Pizza Stock Performance

NASDAQ DPZ traded up $0.67 during trading on Friday, reaching $451.26. 559,573 shares of the company's stock were exchanged, compared to its average volume of 771,996. The stock has a market cap of $15.32 billion, a P/E ratio of 26.21, a price-to-earnings-growth ratio of 2.47 and a beta of 1.09. The company has a 50 day moving average price of $458.61 and a two-hundred day moving average price of $465.42. Domino's Pizza Inc has a 1 year low of $396.06 and a 1 year high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). The business had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%. The firm's quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $4.03 earnings per share. Research analysts forecast that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, September 15th. Domino's Pizza's dividend payout ratio (DPR) is currently 40.42%.

Analyst Ratings Changes

DPZ has been the subject of several research reports. Sanford C. Bernstein upped their target price on Domino's Pizza from $460.00 to $490.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 22nd. Benchmark upped their target price on Domino's Pizza from $535.00 to $540.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Redburn Atlantic initiated coverage on Domino's Pizza in a research note on Tuesday, June 10th. They issued a "sell" rating and a $340.00 target price for the company. Wells Fargo & Company upped their target price on Domino's Pizza from $465.00 to $490.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 22nd. Finally, Citigroup upped their target price on Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Domino's Pizza presently has an average rating of "Moderate Buy" and a consensus target price of $489.67.

About Domino's Pizza

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.